ARIZONA, Calif. (AP) _ Viavi Solutions Inc. (VIAV) on Thursday reported a loss of $54.8 million in its fiscal first quarter.

On a per-share basis, the Arizona, California-based company said it had a loss of 24 cents. Earnings, adjusted for one-time gains and costs, were 24 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The communications equipment company posted revenue of $326.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $310.7 million.

For the current quarter ending in January, Viav Solutions expects its per-share earnings to range from 18 cents to 20 cents.

The company said it expects revenue in the range of $296 million to $310 million for the fiscal second quarter.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIAV at https://www.zacks.com/ap/VIAV

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